Amistar Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net sales of $38,000 compared to net sales of $753,000 for the same quarter a year ago. Net loss was $301,000 or $0.09 per basic and diluted share compared to net income of $128,000 or $0.04 per basic and diluted share for the same quarter a year ago. Operating loss was $301,000 and loss before income taxes $301,000 compared to operating income of $114,000 and income before income taxes $129,000 for the same quarter a year ago. These losses were due, primarily, to a write down of inventory of $306,000 in the second quarter of 2009. The company's management believes this inventory write down was necessary due to the slowness of sales of parts and labeling machine inventory by its distributor. For the six months, net sales were $69,000 compared to net sales of $1,103,000 for the same period a year ago. Net loss was $312,000 or $0.09 per basic and diluted share compared to net income of $379,000 or $0.11 per basic and diluted share for the same period a year ago. Operating loss was $312,000 and loss before income taxes $312,000 compared to operating loss of $493,000 and income before income taxes $380,000 for the same period a year ago. The company announced write down of inventory of $306,000 in the second quarter of 2009. The company announces, this inventory write down was necessary due to the slowness of sales of parts and labeling machine inventory by its distributor.

Amistar Corp. reported consolidated unaudited earnings results for the first quarter ended March 31, 2009. For the quarter, net sales decreased $318,000, or 91%, to $31,000, compared to $349,000 for the comparable quarter in 2008. The decrease in net sales for the first quarter of 2009 was due primarily to lower selling prices on products sold to the company's exclusive distributor beginning in March 2008, as part of its plan of restructuring. Net loss was $11,000 or $0.00 per share compared to net income of $231,000 or $0.07 per share for the comparable quarter in 2008. Net income was lower in the first quarter of 2009 due primarily to a one-time recognition of deferred gain on sale of property recorded in the first quarter of 2008. Operating loss was $11,000 compared to $927,000 for the same period last year. Loss before income taxes was $11,000 compared to income before income taxes of $232,000 for the same period last year.

Amistar Corp. reported consolidated un-audited earnings results for the fourth quarter and year ended December 31, 2008. For the quarter, the company reported net sales decreased $793,000, or 91%, to $78,000, compared to $871,000 for the comparable quarter in 2007. Net loss was $14,000 compared to a net loss of $420,000 or $0.13 per share for the comparable quarter in 2007. The reduction in net loss was due primarily to lower operating expenses resulting from restructuring begun in the first quarter of 2008. For the year, the company reported net sales decreased $3,011,000, or 71%, to $1,259,000, compared to $4,270,000 for 2007. The decrease in net sales for the three and twelve months of 2008, compared to the same periods in 2007, was due primarily to lower selling prices on products sold to the company's exclusive distributor beginning in March 2008, as part of its plan of restructuring. Net income was $393,000 or $0.12 per share compared to $269,000 or $0.08 per share for 2007. Net income for the year ended December 31, 2008 was primarily the result of the recognition of the balance of deferred gain on sale and lease-back of the company's headquarters building totaling $1,127,000, compared to amortization of $300,000 during 2007.